“The prebate sounds like a good idea, but that’s money that has to be redistributed, which means you need a bureaucracy to administer.”
It’s highly automated, with check printing and envelope stuffing machines, computers to keep track. Printing and sending out checks is one thing the federal government does well. In the last year of George W. Bush, the Treasury sent out tax rebate checks twice to more than 120 million American households, and they did it without a hitch and fast.
To administer any government program requires a bureaucracy including tax collections and refunds.
The FairTax Rebate does not reward people for not doing much. The Rebate merely returns taxes already paid. In your case you are earning below the poverty line and you will net about $50 a month from the Rebate so you say. How many people are like you as a percentage of the entire population? Very small percentage. It’s not worth worrying about unless most Americans become poverty stricken.
Well I am worried about it because it is my situation. And if I’m the one who’s supposed to be the intended target, I think it’s not that great a deal.
I’m all for no income tax whatsoever. Benefits the high earners most of all.